This Year Ann Has the Following Stock Transactions

question 171

Essay

This year Ann has the following stock transactions. What amount is included in her gross income if Ann paid a $200 selling commission for each sale? $$\begin{array} { | r | r | r | r | r | } \hline \text { Shares } & \text { Firm } & \begin{array} { r } \text { Total } \\\text { Purchase Price }\end{array} & \text { Sales price } & \begin{array} { r } \text { Value } \\\text { at year end }\end{array} \\\hline 100 & \text { IBM } & \$ 5,000 & & 7,000 \\\hline 200 & \text { ATT } & 7,500 & 9,500 & \\\hline 500 & \text { Dell } & 12,500 & 13,000 & \\\hline\end{array}$$

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Definitions:

Cochlea

A spiral-shaped cavity within the inner ear, functioning in the process of converting sound waves into neural signals.

Basilar Membrane

A key structure in the cochlea of the inner ear that plays a critical role in sound perception by vibrating in response to sound waves.

Semicircular Canals

Three fluid-filled tubular canals in the inner ear that sense the rotation of the head.

Outer Ear (Pinna)

The external portion of the ear, visible on the side of the head, which captures sound waves and directs them into the auditory canal.